Impact of Dynamic Petrol and Diesel Prices On Rural Area a case study of etah district

Abstract

The abstract of this research is presented here. newlineThe first chapter gives introduction of the research The title of the research is Impact newlineof Dynamic Petrol and Diesel Prices on Rural area-A Case study of Etah District . In newlinean economy the energy sector plays an important role. There are many different newlinesources of energy such as coal, crude oil, natural gas, hydroelectric, solar etc. It is a newlinewell-known fact that crude oil is indispensable facilitator of an economy. The world newlineconsumes about 76 million barrels per day of oil. India is one of the leading oil newlineconsumers. Among all industries line Oil and Natural gas (ONG) industry has a newlinesignificant impact on the growth of country s economy and Gross Domestic Product. newlineOil and natural gas accounts for at least 15% of the GDP. The forms of fuel petrol newlineand diesel have become indispensable necessity of our day-to day life. But the fuel newlineprices are sky rocketing and it is eventually going to affect our day-to-day life. newlineIncrease in fuel price will also lead to increase in food prices. They will have a more newlinesevere impact on the poor people because poor households spend more than half of newlinetheir income on food and on fuel. It is a chain reaction which once started will affect newlineall sections of economy and society. Increase in fuel price will result in increase in the newlinetransportation cost, which will affect the price of goods. Increase in price of goods newlinewould gradually force the people to lose their pockets even more. The chain will newlinefurther propagate. newline